Gate Partners With Bank Frick to Add Institutional Fiat Rails

The agreement with Bank Frick (Liechtenstein-based bank) enables institutional clients in multiple jurisdictions to access fiat deposits and withdrawals, with the first rollout using xPULSE (real-time payment network) for near-instant round-the-clock settlement.

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Summary

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Terms & Concepts
  • Fiat deposits and withdrawals: Transfers between traditional government-issued currencies and a trading platform or financial service.
  • xPULSE: A payment network used here to support near-instant 24/7 settlement for supported fiat currencies.
  • Settlement: The final completion of a payment or transfer, when funds are officially delivered between parties.